Property investors enjoyed capital gains of 10.53% over the last 12 months in ALTONA NORTH, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in ALTONA NORTH are low, as opposed to average gains per annum over the past five years.
The suburb posted a 44.44% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
On average, rents on listings have reached the $420 mark, reflecting a 2.58% increase in returns based on the current median price in ALTONA NORTH.
ALTONA NORTH, 3025 ranks 354th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 436th on the list of best yielding suburbs for rental properties in VIC, posting a 2.58% return.
Property investors have seen a 5.75% gain in ALTONA NORTH based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ALTONA NORTH, 3025 saw average growth in the long term.
ALTONA NORTH, 3025 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $635,000.
Profits due to an upward trend in home prices in ALTONA NORTH, 3025 averaged 9% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $397.5 based on current median home prices for the suburb.
The gross rental yield in ALTONA NORTH, 3025 is 3.26%.
An average of 5.92 real estate transactions take place per month in ALTONA NORTH which translates to 71 per annum.
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